According to Blockchain Sleuth, ZachXBT revealed that his joint efforts with the Binance Security team led them to seize $7 million out of the $330.7M stolen Bitcoins from the recent crypto theft.
On April 28, an elderly U.S. individual became a victim of a social engineering theft, allowing an attacker to steal 3520 Bitcoins.
Update: So far $7M+ has been frozen with the help of @CFInvestigators, @tanuki42_, Binance Security team, and myself.
— ZachXBT (@zachxbt) May 2, 2025
ZachXBT Identifies Attacker
ZachXBT first identified this attack after observing a suspicious transfer of a large amount of stolen Bitcoins. The attacker smartly started laundering these crypto funds through over 6 crypto exchanges, where he swapped Bitcoins with Monero (XMR).
In a social engineering attack, scammers try to trick people by fooling them into sharing their private info like passwords or wallet keys. They might pretend to be from a crypto company, offer fake giveaways, or send messages that look real, but their goal is to steal crypto by gaining victims’ trust.
According to the latest update, two people are suspected of stealing $330 million. One of them is called “Nina” or “Mo”, a person from Somalia who ran a scam call center in Camden, UK. The other, known as “W0rk,” helped with the scam website and phone calls. After the theft, both of them deleted their social media accounts.
Recently, the Tennessee Department of Commerce & Insurance has issued a warning to people about a smart new scam that looks like an attractive investment education program. These fake groups promise to teach you about stocks and cryptocurrency, offer “risk-free” trials, and even suggest taking loans to invest.
Officials say that these scams are targeting people who want to invest safely, so it is important to be careful and not trust random offers that sound too good to be true.
Also Read: Bitcoin Eyes $98K Breakout Amid Rising Market Liquidity
